Newsletters TechCabal Daily – MTN’s not gunning for Netflix. It swears Emmanuel Nwosu 9th April 2025 Hey there, curious minds! Today, we’re diving into the intricate world of streaming services and how Africa’s largest telecom operator, MTN Group, is making waves without treading on Netflix’s territory. ### MTN vs. Netflix: A Tale of Streaming Giants
— Revolutionizing the Fintech Landscape In a world where fintech companies are constantly vying for consumer attention, PayTic stands out by focusing on the infrastructure that powers financial transactions behind the scenes. By securing a substantial $4.4 million in funding, this Morocco-based company is gearing up to expand its footprint across the Middle East and
MTN Group, Africa’s largest telecom operator, is embarking on a daring journey into the realm of video streaming in a bid to reverse its financial downturn. Partnering with Synamedia, a global video software provider, MTN aims to introduce a new streaming service tailored for mobile and broadband users across the African continent. While this move
GiG, a revolutionary event ticketing platform in Kenya, is transforming the way organisers engage with attendees. Founded in 2018 by David Reed and his team, GiG aims to create vibrant communities around events rather than just facilitating ticket sales. In a candid conversation with TechCabal, Reed shared the inspiration behind GiG’s inception, highlighting the shortcomings
— USADF Slashes Funding for African SMEs and Startups In a move that has sent shockwaves through the entrepreneurial landscape of Africa, the US Africa Development Foundation (USADF) recently announced significant cuts in funding amounting to a staggering $51 million. This decision has left many small and medium-sized enterprises (SMEs), startups, cooperatives, smallholder farmers, and
Six major Nigerian banks made headlines in 2024 when they collectively poured a staggering ₦268.7 billion (equivalent to $171.5 million) into IT infrastructure and tech-related services, marking a substantial leap from their previous year’s spending. This significant investment primarily focused on upgrading core banking systems as traditional financial institutions faced mounting pressure to bolster their
In a bustling city like Nairobi, change is always in the air. But this time, it’s not just about new skyscrapers or trendy cafes. The Central Bank of Kenya (CBK) has thrown down the gauntlet to local banks, demanding complete transparency on how their money moves affect the environment. It’s like a financial detox for
How do we convince local high-net-worth individuals (HNWIs) to invest in African startups? This question has been at the forefront of discussions within the African investment ecosystem. Marge Ntambi, a venture partner at Benue Capital, sheds light on the importance of mobilizing local capital for Africa’s tech ecosystem. “Local high-net-worth individuals bring not only capital
After 16 years in the industry, Paga is not just a fintech startup; it’s a robust financial ecosystem driven by innovation and resilience. Join me on a journey to uncover the story behind Tayo Oviosu’s vision as he navigates through the intricacies of building Paga from the ground up. ### The Birth of an Idea
Kenya has always been known for its vibrant market scene, bustling with traders and entrepreneurs. But now, the country is making headlines in a different realm – the world of cryptocurrency. In a groundbreaking move, Kenya has put forth its first-ever crypto bill to regulate various aspects of the digital asset landscape. The Virtual Asset
